Mountain View, CA, January 30th, 2020 – Guardian Analytics, the market leader in real-time behavioral analytics and machine learning solutions for banking payment fraud detection, anti-money laundering, and enterprise B2B portal fraud, today announced an upcoming executive webinar with CipherTrace, the leader in cryptocurrency intelligence, on the challenge of detecting and reporting crypto transactions.
Experts from Guardian Analytics and CipherTrace will explore how legacy AML tools are not equipped to identify crypto entities and their related bank account data. To solve this system challenge, financial institutions will need to combine a modern AML case management system and crypto risk intelligence to correctly identify the movement of fiat money into and from crypto entities such as exchanges, gambling sites, and dark markets. Learn how using leading-edge technologies from Guardian Analytics and CipherTrace can provide actionable intelligence, with the ability to alert, manage and automatically create cases on risky crypto transactions with accurate crypto entity detection and bank account matching. Guardian Analytics can generate pre-filled SAR forms, easily reporting these transactions to FinCEN that will help institutions ensure compliance and fight crypto fraud.
“Crypto-based transactions can be traced via the blockchain; however, a dirty cryptocurrency scheme will use anonymize service to hide the funds source making the links between bitcoin transactions untraceable,” said Eric Tran-Le, VP of Product Management and Co-CEO, Guardian Analytics. “It is essential to detect crypto-related transactions before the integration point so that KYC can be triggered. With Guardian Analytics’ AML Evidence Lake™ integration with CipherTrace, crypto-related transactions can be quickly detected before they enter the blockchain and become anonymized.”
“We are excited to collaborate with Guardian Analytics to help protect banks from risky exposure to illicit crypto activities and sanctions risks,” said Stephen Ryan, COO and Co-founder, CipherTrace. “This partnership will enable CipherTrace Cryptocurrency Risk Intelligence to accurately identify thus reducing the risky crypto exposure faced by many financial institutions today.”
To reserve your spot for the live webinar, please see details below.
Live Webinar: Detecting and Reporting Crypto Transactions
Speakers: Matthew Lau, CAMS, Product Manager, Guardian Analytics; Stephen Ryan, COO & Founder, CipherTrace
Date: Tuesday, February 11th
Time: 11am PST
Register: Click here
About Guardian Analytics®
Guardian Analytics is the pioneer and leading provider of behavioral analytics and machine learning solutions for preventing banking fraud and anti-money laundering. Hundreds of financial institutions have standardized on Guardian Analytics’ innovative solutions to mitigate fraud risk and rely on the company to stop the sophisticated criminal attacks targeting retail and commercial banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience, and scale operations. Guardian Analytics is privately held and based in Mountain View, CA. For more information, please visit www.GuardianAnalytics.com.
Guardian Analytics® is a registered trademark of Guardian Analytics, Inc.
CipherTrace is the world’s leader in cryptocurrency intelligence, with the most comprehensive tracing, risk scoring and threat detection—including more than 800 tokens and over 500 crypto exchanges and virtual assets businesses. CipherTrace’s anti-money laundering, compliance monitoring, and Crypto Risk Intelligence solutions are powered by advanced cryptocurrency intelligence and used by top banks. Financial investigators and auditors use CipherTrace blockchain to trace virtual asset transactions. Leading exchanges, virtual currency businesses, banks, and regulators themselves use CipherTrace to comply with regulation and to monitor compliance. CipherTrace was founded in 2015 by experienced Silicon Valley entrepreneurs with deep expertise in cybersecurity, eCrime, payments, banking, encryption, and virtual currencies. The U.S. Department of Homeland Security Science and Technology (S&T) and DARPA initially funded CipherTrace, and it is backed by leading Silicon Valley venture capital investors.
Visit www.ciphertrace.com for more information or follow the company on Twitter @CipherTrace and on LinkedIn.
Media contact: Laura Pauli